Fortis Healthcare acquires rights to 'Fortis' brand through successful bid

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The story "Fortis Healthcare acquires rights to &#039;Fortis&#039; brand through successful bid" was covered 1 days ago by Business Standard, a news publisher based in India.

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Quick Summary:

RHC Holding was the legal and beneficial owner of the ‘Fortis’ trademarks and allied trademarks and had granted the company a non-exclusive licence to use the Fortis Marks under a brand licensing arrangement.

Fortis Healthcare (FHL) has successfully bid to acquire the ‘Fortis’ trademarks for Rs 200 crore after a long legal battle involving the erstwhile promoters Malvinder and Shivinder Singh, related entities, Japanese pharma major Daiichi Sankyo, and others.

Daiichi had filed before the Delhi High Court for the appointment of a Court Commissioner for the purpose of carrying out the sale of the Fortis Marks.